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Economic constraints and scenarios April 29, 2021 There are some important policy issues that need immediate attention but do not get the priority they deserve in policy discussions about the future direction of the economy. This is because targets relating to the current IMF programme such as the size of the fiscal deficit or the debt-to-GDP ratio top the policy agenda as does the country’s struggle with the consequences of the Covid-19 pandemic. One way of compensating for short-term thinking is to create a ‘Futures Thinking and Foresights Unit’ of the type examined by the Asian Development Bank (ADB) in a recent report. The ‘Futures Thinking and Foresights Unit’ should induct experts in agricultural development and water resources management apart from economists and public health experts (the last because the age of the pandemic will persist for some years). ....
Disproportionate effects of Covid-19 on Women It was noted by the ILO in late February that the data was abundantly clear that the COVID-19 pandemic had had a disproportionately negative impact on women. It was further noted that, “because more women work in the tourism, retail, and informal sectors, which have been hardest hit by the pandemic, their livelihoods have been upended. Understanding the extent of this impact is the first step in reversing course. Yet the pandemic has also exposed and exacerbated data gaps that undermine our ability to act intentionally and craft effective policy responses.”